Consumers Remain Resilient as the Economy Rebounds
While delinquency rates and other indicators of consumer financial stress may rise as COVID-19 support programs are phased out, most consumers appear to be in good financial shape.
Browsing: Economic Advisory Committee
ABA Report: Business, Consumer Credit Markets to Experience Sustained Rebound
Top economists from the largest U.S. banks anticipate a sustained rebound in consumer and business credit market conditions over the next six months, according to ABA’s Credit Conditions Outlook released today.
Podcast: Unpacking the Post-COVID Economic Recovery
Economics may be the so-called dismal science, but the latest forecast of ABA’s Economic Advisory Committee is anything but.
Bank Economists Forecast Significant Growth, Return to Full Employment
The nation’s top economists forecast that the economy will grow a robust 7.2% in 2021, before easing to a 3.1% growth rate in 2022, according to the American Bankers Association’s Economic Advisory Committee.
Should We Be Worried about Inflation?
Despite the expansion of the monetary base, inflation forecasts remain conservative because there is still breathing room left for demand growth.
ABA Report: Credit Market Conditions Make Sharp Gains
Top economists from the largest U.S. banks anticipate substantial improvement in consumer and business credit market conditions in the next six months, according to American Bankers Association’s Credit Conditions Outlook released today.
Top Bank Economists See Credit Conditions Rebound
The nation’s top bank economists observed that the outlook for credit quality and availability rebounded for both consumers and businesses after bottoming out last summer, according to the American Bankers Association’s new Credit Conditions Outlook released today.
Bank Economists Anticipate Strongest Growth in 20 Years in 2021
While the economy remains under the influence of the COVID-19 pandemic, the nation’s top bank economists expect the U.S. economy in 2021 to see its strongest growth in about 20 years.
Bank Economists Forecast 6% Contraction, with Recovery to Begin in Q3
The nation’s top economists forecast that the economy will experience a 6% contraction in 2020, with conditions beginning to recover sometime around the third quarter after a sharp second-quarter decline, according to the American Bankers Association’s Economic Advisory Committee.
ABA Data Bank: EAC Expects Real GDP to Contract by 5.7% in 2020
However, economists expressed a wide range of views, with little clustering, reflecting the great degree of economic uncertainty of the times.